Stocks, Bonds and Mutual Funds

Stocks, Bonds and Mutual Funds

Stocks, bonds and mutual funds, especially those with long-term capital gain, are popular gift assets because they may generate multiple tax benefits. These benefits include:

  • a charitable income tax deduction of the stock, bond or mutual fund’s market value on the date the asset is received by LSSNY, and
  • no capital gains tax on the appreciation.

Talk to your accountant or financial adviser about the benefits such a gift may provide you.

Most stocks are transferred electronically. Share the following information with your stock broker or financial adviser to ensure your gift is transferred to LSSNY, or have your broker contact Brian Gavin, bgavin@lssny.org, 212-870-1124.

Broker:
National Securities Corporation, Member FINRA/SIPC

Representative:
Ms. Lauren DeRosa, Sr. Bank Operations Manager
50 Washington St. PH
Norwalk, CT 06854

Phone
203-810-4218 (ext. 104)
Please instruct your broker to include your name and address when your donation is made.

Account information 
Account Name: Lutheran Social Services of New York, Inc
Account Number: FNN-022980
DTC Number: 0226

Depreciated Stocks
Have your stocks, bonds or mutual funds declined in value? If so, you may find there is an advantage to selling the stock, bond or mutual fund, recognizing a loss, and then contributing the cash proceeds of the sale to Lutheran Social Services of New York. Talk to your accountant or financial adviser about the best option for you.